Social Life Network, Inc. Stock Forecast

Volatile ride for Social Life Network, Inc. stock price on Thursday moving between $0.0004 and $0.0006
(Updated on May 16, 2024)

WDLF Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Social Life Network, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0005 and $0.0005. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -27.27%. Further fall is indicated until a new bottom pivot has been found. Social Life Network, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Social Life Network, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0002 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 35.50%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WDLF) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Social Life Network, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-35.58%) up or down from last closing price. If Social Life Network, Inc. takes out the full calculated possible swing range there will be an estimated 71.16% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0005, some $0.00008 (20.00%) from the current price of $0.0004, our system finds the risk reward not very attractive.

Is Social Life Network, Inc. stock A Buy?

Social Life Network, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.690 Strong Sell Candidate Downgraded

Predicted Opening Price for Social Life Network, Inc. of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.